Score
ITRADER
United Kingdom|5-10 years| https://global.itrader.com/
Website
Rating Index
Contact
Licenses
Licensed Institution：BAYLINE TRADING LIMITED
License No.：IFSC/60/322/TS16
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United Kingdom
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Website
Most visited countries/areas
Chile
Peru
Mexico
itrader.com
Server Location
United States
Most visited countries/areas
Russia
Website Domain Name
itrader.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
1999-04-22
Server IP
104.19.174.109
Company Summary
General Information & Regulation
ITRADER is operated by the company Bayline Trading LTD, which incorporated under the laws of Belize and bearing the registration number 136374 from IFSC (International Financial Services Commission). Bayline Trading LTD doesnt fall under any regulatory agency, so ITRADER is an unregulated broker.
Market Instruments
ITRADER offers quite a large selection of tradable securities: forex currency pair, stocks, commodities, indices, and other Contracts for Difference (CFDs).
Minimum Deposit
When it comes to deposits, the broker has a minimum deposit requirement of $250. Although this initial deposit amount doesnt go too overboard, this unregulated broker is the one traders should stay away from.
Leverage
The maximum trading leverage offered by ITRADER is up to 1:500 for forex trading. Since leverage can amplify your gains as well as losses, traders should be very cautious when using leverage.
Spreads & Commissions
ITRADER offers three trading accounts, each of them coming with different spreads: for instance, the Silver account has a bid-ask price difference of 2.2 pips for the EUR/USD Forex pair, while Gold goes down to 1.3 and Platinum to 0.7, which is the shallowest spread on the platform. Besides, ITRADER claims that it doesnt charge any commissions.
Trading Platform Available
When it comes to actually trading with Global.ITRADER, the broker provides its traders the widely recognized trading platform – MetaTrader 4.Besides, traders can also get free access to mobile trading apps for both iOS and Android.
Deposit & Withdrawal
ITRADERs withdrawals and deposits methods are powered by both traditional (bank wire, credit cards) and alternative (Neteller, Skrill) financial platforms. None of these methods have commissions on either deposits or withdrawals, however, withdrawals can sometimes take 5 days to complete, which is a bit of a bummer.
Customer Service
ITRADER.COM is available in 4 languages: English, Russian, Spanish, and Portuguese. Apart from Email and telephone, live chat can also be available at ITRADER.
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX1495833624
Peru
The network of ITRADER was unstable, which I have reported to my manager many times. I made losses constantly, being asked to add fund. I deposited $200, $500, $1700 and $5000 respectively. Eventually, the total $12,400 hasn’t been transferred into my account.
Exposure
2020-07-03
Yurio
United Kingdom
To be honest, their MT4 platform is pretty good, and I've been able to make some decent profits using their 1:500 leverage. But for starters, their minimum deposit is pretty high compared to other brokers. And their spread is way too high, especially for major currency pairs. And when it comes to withdrawals, it's a real pain. All in all, I think there are much better brokers out there. If you're considering ITRADER, I would advise you to proceed with caution.
Neutral
2023-04-24
FX1479526564
South Africa
Terrible experience with ITRADER! I found out that they had shut down their website! Then I found out that they were no longer accepting new clients, which made me wonder what was going on. To make matters worse, I found out that they were unregulated, which is a huge risk when it comes to your money. But the worst part was when I tried to withdraw my funds. It took too long! Even five days have been passes, they haven’t processed my withdrawal.
Neutral
2023-04-24
FX1349898377
New Zealand
I am currently a full-time trader and use this platform to trade Forex in my spare time. work history at this firm dating back to October 2022. Rapid deposit was a pleasant surprise. have successfully completed three withdrawals in as little as 48 hours. When compared to my prior broker, support agents on the live chat are incredibly quick to respond. They are doing good and things are going smoothly for them.
Neutral
2023-03-22
FX1267872407
Australia
The company says it no longer provides/carries out investment services/activities and/or enters into any business transaction with any person nor does it accept any new Clients. But the reason for this is not stated on the website.
Positive
2023-02-22